Robert Gerald Wood / Profile
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For more information on my products, visit https://www.bunnywood.co.uk
If you're curious about TheStrat, try https://www.thestrat-indicators.com/about for more information.
Hope they help you as much as they've help me :)
This fixes an issue that was identified when the chart background colour was not reflected in the background colour of the indicator.
Average True Range (ATR) is a commonly used indicator that measures the amount of movement in price over a set duration. However the value it gives is not defined within any sort of boundary, which makes using it for anything other than stop loss or take profit calculations, almost impossible. This indicator is your standard ATR indicator, but we have introduced percentile demarcations so you can see the extremes. You can choose between Percentiles and something we call Split Medians Percentile
Average True Range (ATR) is a commonly used indicator that measures the amount of movement in price over a set duration. However the value it gives is not defined within any sort of boundary, which makes using it for anything other than stop loss or take profit calculations, almost impossible. This indicator is your standard ATR indicator, but we have introduced percentile demarcations so you can see the extremes. You can choose between Percentiles and something we call Split Medians Percentile
Range Exhaustion occurs when price meets or exceeds the expected range for the current period. At these levels, price starts to lose its momentum relative to earlier in the period, so its a good point to make sure you are not taking new positions. This indicator will show you where this is likely to happen on your chart, showing levels for Daily, Weekly and Monthly periods. When you see price exceeding these exhaustion levels, it's telling you that the momentum behind the move is very strong
Range Exhaustion occurs when price meets or exceeds the expected range for the current period. At these levels, price starts to lose its momentum relative to earlier in the period, so its a good point to make sure you are not taking new positions. This indicator will show you where this is likely to happen on your chart, showing levels for Daily, Weekly and Monthly periods. When you see price exceeding these exhaustion levels, it's telling you that the momentum behind the move is very strong
It shows the expected daily, weekly and monthly range limits as levels on your chart.
The example below shows the US Russell 2000 today, it tried to breach the high, failed and reversed to hit the low. It now seems to be reversing from there, but time will tell.
You can base the limits on either the Average True Range (ATR) or the Average Range, often known as ADR.
Looking forward to sharing it with you soon!
Rob.
This indicator is designed to make reviews of many charts on different timescales quicker, and easier to do. Track Time and Price across multiple charts Change Symbol on one chart and all other charts of the same symbol will be changed too. Easy to use, quick to master The indicator allows you to identify the price and time where the mouse pointer is on the current chart, across all other charts open on the same Symbol. This allows you to quickly see information on multiple charts whereas
Added ability to position the indicator in different places on the chart.
You can change the offset distance from the edge of the screen and choose between the following locations
- Left upper corner
- Left side's centre
- Left lower corner
- Bottom centre
- Right lower corner
- Right side's centre
- Right upper corner
- Top centre
- Screen Centre
If you already own it, you will receive the update automatically via your MetaTrader account.
Version 2 of TheStrat Levels Indicator.
- Levels from Hourly, Four Hourly, Daily, Weekly and Monthly timeframes
- Potential Take Profit levels
- Potential Stop Loss levels based on the current or higher timeframe
- Risk / Reward calculated continuously for each potential target level based on potential stop level
- Pivot Machine Gun identification
- Labelling for each level so you can identify what there
- Comprehensive options to make it look as you wish
The price of our TheStrat Levels product will be increasing significantly with the release of version 2.
Those that have already purchased will automatically get access to the new version, so if you've been thinking of purchasing it, now is your chance to lock in the discount.
So, whats in the new version?
To start with, we will be giving the ability to show on your chart, potential profit targets and potential stop levels for trades employing TheStrat strategy. In addition, the levels will be annotated, to make it much clearer what each represents, showing timeframe and price.
Markets really love round numbers and they often act as support in a falling market, or resistance as price rises. This indicator is designed to draw price levels at Round values. It does this automatically, but you also have the option to override that and determine the levels you wish to see. A round level can be as simple as steps of 10, so 10, 20, 30 etc or if you are working with Forex, maybe you want to see changes at 0.1 or 0.01. The indicator draws two classes of line, Major and Minor
Pivot levels are a well established technical level that's recognised in every market. This indicator will draw the current Quarterly, Monthly, Weekly, Daily and four-hourly pivots on the chart, for any symbol. You can also show the Suppport and Resistance levels for each period and choose which to display from levels 1 to 4. Choose the type of Pivot from: Standard Camarilla DeMark Woodie Fibonacci Please note, DeMark pivots have a single Support and Resistance level as per the original
Pivot levels are a well established technical level that's recognised in every market. This indicator will draw the current Quarterly, Monthly, Weekly, Daily and four-hourly pivots on the chart, for any symbol. You can also show the Suppport and Resistance levels for each period and choose which to display from levels 1 to 4. Choose the type of Pivot from: Standard Camarilla DeMark Woodie Fibonacci Please note, DeMark pivots have a single Support and Resistance level as per the original
When trading using The Strat , it is important to keep an eye on multiple timeframes. This indicator will show the Daily, Weekly, Monthly and Quarterly state of the current candle for each timeframe. A Circle icon shows that the candle on that timeframe is currently an Inside, or Type 1 in TheStrat terminology. An Inside Day candle is consolidating price action, and we are looking for a breakout of the range. A Triangle icon, pointing up or down, is a trending candle
When trading using The Strat , it is important to keep an eye on multiple timeframes. This indicator will show the Daily, Weekly, Monthly and Quarterly state of the current candle for each timeframe. A Circle icon shows that the candle on that timeframe is currently an Inside, or Type 1 in TheStrat terminology. An Inside Day candle is consolidating price action, and we are looking for a breakout of the range. A Triangle icon, pointing up or down, is a trending candle, or Type 2 in TheStrat
FTFC refers to Full Timeframe Continuity as defined by Rob Smith's The Strat . This indicator draws two lines on the chart, one of the highest of the Quarterly, Monthly, Weekly, Daily or Hourly opening levels, and the second of the lowest of those values. This gives you a channel above or below which trading is more likely to be very strongly in one direction. Between the lines, price action will be choppier and you may with to use wider stops. A third dashed line is also drawn
This indicator draws the prior Highs and Lows for multiple timeframes, and can display potential Take Profit and Stop Loss levels. In Rob Smith's # The Strat terms, these are potential entry points, or alternatively potential targets for open positions. I like to use them in both ways. On a lower timeframe, say 5 minutes to get a good entry on a daily or weekly level, and then as a potential target. Very small stops required giving an excellent risk/reward ratio. Key Features